What Is the Probability That Two People in Your Class

question 79

Multiple Choice

What is the probability that two people in your class (assume a class of 30 students) have the same birthday? ​

• A) 70.6%
• B) 73.7%
• C) 0.1%
• D) 65.2%
• E) 29.4%

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Definitions:

Reduced Wage

A wage that is decreased from a previous level, often due to economic pressures or changes in job responsibilities.

Income Effect

The alteration in a person's or economic system's earnings and the effect of this alteration on the demand for a particular product or service.

Wage Decrease

A reduction in the hourly or salaried compensation paid to workers.

Utility Maximizing

The economic principle that individuals and firms strive to achieve the highest satisfaction or benefit from their resources and choices.